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Giga Metals Announces Filing of NI 43-101 Pre-Feasibility Study Technical Report
VANCOUVER, British Columbia, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Giga Metals Corp. (TSX.V: GIGA) (“Giga Metals” or the “Company”) announced that the Company has f
About this update from Giga Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Giga Metals Corp. (TSX.V: GIGA) (“Giga Metals” or the “Company”) announced that the Company has filed on www.sedarplus.ca an independent technical report (the \"Report\") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (\"NI 43-101\") supporting the results of a Pre-Feasibility Study (\"PFS\") for the development of its Turnagain project located in British Columbia, Canada. The results of the PFS were previously reported in the Company's news release dated September 22, 2023, and there are no material differences in the Report from those results. The effective date of the Report is September 22, 2023. PFS Highlights: Large Long-life Mine: Annual production averaging 37,288 t/y Ni+Co in concentrate over the nominal full operating rate period (Y3 – 28) based on a 30-year project life with an extremely low strip ratio of 0.4 tonnes waste per tonne ore Positive Economics: Pre-tax IRR and NPV of 11.1% and $717M (7% discount rate) and post-tax IRR and NPV of 11.4% and $574M at a long-term nickel price of $9.75/lb, with 78% payability for nickel in concentrate High-grade Concentrate: Nickel concentrate averaging 18% Ni and 1.1% Co with low impurities Low-carbon Operation: Scope 1+2 carbon intensity of <1.8 tonnes of CO2 per tonne of Ni in concentrate Site Operating Costs: $3.85/lb Ni in concentrate before byproduct credits at mine gate (Y3 – 28 operating period) The full Report dated September 22, 2023, and entitled \"Turnagain Nickel Project Pre-feasibility Study, NI 43-101 Technical Report \", can be found on the Company's website at https://gigametals.com/projects/technical-reports/ and on SEDARplus under the Company's issuer profile at www.sedarplus.ca. Qualified Persons The PFS contributors who prepared or supervised the preparation of information that forms the basis of the PFS disclosure in this news release are listed in the PFS document. Lyle Trytten, P.Eng., Manager of Development for Giga Metals Corp, is a qualified person as defined by NI 43-101. Mr. Trytten has reviewed and approved the technical content of this news release. The following persons are responsible for specific inputs into the PFS: Garth Kirkham, P.Geo., Kirkham Geosystems Ltd.: geological model...